The Dinar Daily, Sunday July 5, 2015
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  1. #1

    The Dinar Daily, Sunday July 5, 2015

    CENTRAL BANK OF IRAQ

    CURRENCY CODE SELL BUY
    US dollar USD 1166.000 1164.000


    CURRENCY CODE SELL BUY
    US dollar USD 1166.000 1164.000
    Euro EUR 1290.296 1289.650
    British pound GBP 1818.377 1817.468
    Canadian dollar CAD -------- --------
    Swiss franc CHF 1227.627 1227.013
    Swedish krona SEK 138.595 138.526
    Norwegian krone NOK 146.707 146.634
    Danish krone DKK 172.953 172.867
    Japanese yen JPY 9.451 9.447
    Special
    Drawing Rights
    SDR 1631.630 1630.815

    Indicative rates - (as of) 05.07.2015


    http://www.cbi.iq/

    Currency Auctions

    Announcement No. (2987- most recent listing)

    The opening offers the sale and purchase of foreign currency in the window of the Central Bank of Iraq on 02/07/2015 results were as follows: (no change as of 05/07/2015)

    DETAILS NOTES
    Number of banks 26
    Number of remittance companies 6
    Auction price selling dinar / US$ 1166
    Auction price buying dinar / US$ -----
    Amount sold at auction price (US$) 260,621,299
    Amount purchased at Auction price (US$) -----
    Total offers for buying (US$) 260,621,299
    Total offers for selling (US$) -----
    Last edited by pinkadonai1; 07-06-2015 at 11:12 AM.



  2. #2

    Re: The Dinar Daily, Sunday July 5, 2015





    The Exchange Rate of Foreign Currency in Economic Feasibility Studies

    Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

    Estimate the shadow price of foreign currency:

    1. It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine.

    The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs.

    * What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar.In particular the following outputs and inputs of foreign currency were distinguished:


    • Export-outputs.
    • Outputs marketed locally that substitute imports.
    • Imported inputs.
    • Inputs produced locally that usually go to exports.
    • Foreign labor.


    According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules.

    In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency …. etc.).

    In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency.

    2. Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports… etc.

    The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:


    • The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production.
    • The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs.
    • The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods.
    • The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities.
    • This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of.


    And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate.

    3. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.



    The Republic of Iraq – Ministry of Planning

    and

    A "flashback recap" of a Live Q and A Call from about a year ago - on THE DAILY DINAR NEWS BLOG...

    In general terms – there were three main focal points of interest I wanted to cover and then allow listeners to ask whatever questions they liked.

    1) the SIGR report…


    2) the Gold Article…


    3) the IIER report…


    I started the conversation out last night by highlighting how crazy this campaign being fielded to contact our lawmakers and bank CEO’s and tell them how unfair it is they are getting to exchange (exchange is the right terminology BTW – NOT “CASH-IN”) at 32.00 per Dinar and we are not – is. It is nuts.


    Firstly, “they” are NOT being allowed to exchange “early” – or at 32.00 per Dinar. It makes you sound “stark raving MAD” to be caught saying such things. You would be better off barking at the moon. It is demeaning to the validity of a true currency play.


    Secondly, this is entirely the wrong way to approach them. I pointed out on the call that Poppy and I fielded a very successful such campaign a couple of years ago. However, we sat down and came up with a much different approach. It was designed to get answers and to approach our lawmakers with respect and as their constituents. Not like a bunch of lunatics. We had extraordinary participation (because it made sense) and we received a good response from lawmakers. It started the conversation in a reasonable manner.


    I asked one caller – “when was the last time you asked a banker for money and told him how unfair it was if he didn’t give it to you”??? Obviously – we chuckled…


    Another caller asked me if (as DC had relayed) – the “zero’s were raised” and the lower denominations were in circulation??


    I said plainly “no”…lower denominations being in circulation would (at the very least) imply there had been a value change. If there were no value change the lower denoms would not only be of little value, they would be such a hinderance – people might even throw them away just to get rid of them. So no – no lower denoms. I told the caller to check the
    CBI.iq website for “real” info on rate change.

    The “zero’s being raised” or “deleted” – as explained by any reasonable researcher, economist or authority – is simply the process removing the large (3 zero notes) from circulation.


    Referring to an Enorrste post from today on
    THE DINAR OBSERVER DAILY(you may want to put this on your favorites and check in several times a day – we to it often )

    “…I have never found a single article from the CBI or the IMF that equates “delete the zeros” to the idea of “move the decimal point.” Instead, the statements overwhelmingly come out to mean “remove the large notes from circulation.”


    Also – this recent internal memo put out by Wells Fargo is likely “push back” from this recent campaign. I pointed out that Pinnacle Bank published an article by an “affiliate” in their internal publication and then “highlighted it” in a similar internal memo a couple of years ago. It is just a defense mechanism. I’m sure Wells is tired of having their name dragged through the “internet rumor mill”. This is highly likely the reason for their vigorous denials about handling it in the future. They get so many useless calls – it isn’t worth the headache. Can you blame them??


    Further, for any bank, lawmaker, adviser or official to state the “Dinar is a scam” is nearly as foolish as some of the internet “Gurus”. It is the official currency of a COUNTRY. I pointed out (below) the post from yesterday’s
    DINAR OBSERVER DAILY
    – highlights page 94 of the quarterly SIGR report to THE US CONGRESS in April of 2012…
    __________________________________________________ _____________

    THIS REPORT WAS SENT TO CONGRESS LAST MAY. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.

    We are seeing and hearing that the inflation rate is still climbing and they are pushing to get us our money?? This report is from page 84 of the massive SIGR report.





    BGG ~
    This is a screen shot from the “Special Inspector General for Iraq Reconstruction” – Apr 2012, quarterly report to Congress. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them.
    __________________________________________________ ______________

    I pointed out (last night) this is a highly speculative investment. We are, in no way, guaranteed anything. However, this SIGR report gives us some valuable insights…

    1) This is information given to the US CONGRESS on a quarterly basis… I find it hard to believe such an information source would intentionally mislead Congress. They tend to frown on such behavior. Which goes directly to the validity of this adventure – against all advice from Wells Fargo or other such naysayers.

    2) It points out there having been a legitimate “plan” – or time frame in motion…having been projected to be done in 2013. We are obviously in “over time” now.

    3) It gives us an idea as to who is in charge…the CoM – or Council of Ministers. Who do they answer to?? Maliki. Period. When is he likely to push this forward?? Historically – he has been a “weak Dinar” policy advocate. However, rumor from his own inner circle admits he can’t win a third term in office without some currency reform.

    I fully expect him to use every tool in his “wheel house” to win – his recent moves in Anbar and the disputed territories prove as much. Currency reform has to be a “biggie”. Though this WAS their thinking a couple of months ago – there is no promise it is still part of their political calculus. We shall see.

    4) Though no guarantee of the actual future plan they wind up engaging – this report points out an increase in value that would have taken the Dinar from “one-tenth of a cent” to a value “of slightly less than $1″..

    __________________________________________________ ______________

    AND

    Coins put on the market !!



    Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.

    She said in her statement Albjara "The project will take between four and five years, and which will be the launch of the categories of small coins gradually."

    He predicted the financial expert Hilal Taan inflation rate declines, with the issuance of metal coins of small denominations in the daily financial transactions, remarkable that 3% of the value of inflation in Iraq due to the presence of large cash block.

    The economic expert on behalf of Jamil Anton, noted that he may not find metal coins accepted by a lot of Iraqis, especially young people, due to the existence of an entire generation of Iraqis had not trading coins due to stop use since the early nineties of the twentieth century

    waradana.com

    And

    CBI is preparing to issue a monetary metal parts

    Metal coins from the category of 25 fils were in circulation until the nineties of the last century

    Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.

    She said in her statement Albjara Radio Free Iraq, "said the project will take between four and five years, and which will be the launch of the categories of small coins gradually."

    He predicted the financial expert Hilal Taan inflation rate declines, with the issuance of metal coins of small denominations in the daily financial transactions, remarkable that 3% of the value of inflation in Iraq due to the presence of large cash block.

    The economic expert on behalf of Jamil Anton, noted that he may not find coins accepted by a lot of Iraqis, especially young people, due to the existence of an entire generation of Iraqis had not trading coins due to stop use since the early nineties of the twentieth century.

    http://www.iraqhurr.org/content/article/26666313.html

    and

    Another "FLASHBACK"...

    Economists Divided Over Deletion Of Zeros

    By Amina al-Dahabi for Al-Monitor.

    The Central Bank of Iraq (CBI) has been attempting to delete three zeros from the Iraqi currency since 2003. This project has raised many concerns among the Iraqi public and within the business community, and Iraqi economists are divided…

    …Haider al-Abadi, the head of the Iraqi parliamentary Finance Committee, told Al-Monitor that while deleting zeros from the current currency is possible, this has been postponed until after parliamentary elections. He noted that studies are being carried out to ensure that, following the currency change, counterfeiting is limited and that Iraqis don’t go back to trading in the old currency.

    The step to delete zeros from the currency has been postponed several times, leading the parliamentary Economic Committee to demand that the CBI accelerate this project, as Al-Sharqiya reported. In a news conference held July 6, the Economic Committee confirmed that the deletion of zeros will lead to an increase in the value of the Iraqi dinar and will have positive repercussions, including a reduction in unemployment and poverty rates in the country.

    ARTICLE LINK

    Crush Expected When Kuwaiti Banks Reopen Today

    March 24, 1991|From Reuters



    KUWAIT CITY, Kuwait — Thousands of Kuwaitis are expected to jam the country's banks today when they open for the first time since the end of the Iraqi occupation.

    Customers will be allowed to withdraw funds and to swap pre-invasion money for a new currency issued to make more than $1 billion in pre-invasion dinars stolen by the Iraqis worthless.

    "We expect a rush of people," said Issam Asousi, an executive with the Bank of Kuwait. He said it could be a chaotic first week because customers have a lot of questions about their accounts.

    Kuwaiti banks continued operating during the seven-month Iraqi occupation under managers brought in from Iraq, but they have been closed since the U.S.-led alliance ousted the Iraqi army from Kuwait a month ago.

    When the banks reopen today, customers will be able to withdraw up to 4,000 Kuwaiti dinars, equivalent to about $14,000 at pre-invasion exchange rates from their accounts, and to exchange a like amount for foreign currency.

    Balances of customers' accounts will go back to what they were on Aug. 1, a day before the invasion.

    Clients will not be able to exchange Iraqi currency issued during the occupation, when Baghdad pegged the rates of the strong Kuwaiti dinar to the far less valuable Iraqi dinar.

    The new Kuwaiti money will be exchanged for old at a one-to-one rate.

    http://articles.latimes.com/1991-03-..._kuwaiti-banks


    BGG ~ Thanks to wmawhite for some facts on the subject.

    Hi BGG,

    Just thought I would drop you an email. I listened to the call, and was interested in what was said about Kuwait, if I may - I will add my 2 cents worth.

    You were spot on with what you said, I have a close friend who's father made a killing on the KWD. He bought from people who had fled the country and he paid pennies on the dollar (we are in Australia). He took the chance that Iraq would be kicked back out and he was right.

    When the money was reinstated, he exchanged it for AUD at a rate in the mid 3s. The interesting thing about it is, Iraq invaded in November 1990 (I think), they were kicked back out at the end of Feb 1991, the banks reopened with a brand new KWD in late March, that's not a bad time frame to get a currency designed, printed and made ready to use, also the time that the old KWD was valid was initially only for 2 months, then extended to 6, so it was valid until Sept 1991, interesting I think.

    Also the other thing that seems to be a "fact" in Dinar land is Bill Clinton used the Kuwait RV to pay off the debt. However, Clinton was not President in 91, he did not take office until 93, even I know that and I am an Aussie.

    Anyway thanks for the site and enjoy listening to your calls.

    Kind Regards,
    Kevin

  3. #3

    Re: The Dinar Daily, Sunday July 5, 2015

    Almamori: witness the current legislative approval of the new investment law



    (Independent) .. A member of the economic and investment commission in Parliament MP Almamori proof that the current legislative term is witnessing the adoption of the new investment law.

    Mamouri said in a press statement that the economic and investment commission has been in the past period on the completion of the new investment law, which includes legislation and laws attractive for investors with a focus on the theme of the single window in the granting of investment licenses.
    The member of the economic and investment commission said the government should not rely on the state budget on the source of Rei, one which is oil, but the multiplicity of sources gives flexibility to the economy of the country as he frees from oil dependence in the general budget and that's what we put in considerable financial embarrassment during the current year due to falling oil prices.
    Almamori He pointed out that the economic and investment commission hosted several ministries and bodies and academic personalities and businessmen in order to consult them about the new investment law, which will hopefully be approved during the current legislative term. (End)


    https://translate.google.com/transla...3Fid%3D3970441

  4. #4

    Re: The Dinar Daily, Sunday July 5, 2015

    Council Wasit: stop projects increases the volume of unemployment and ask the government to launch financial T_khasasatna



    Long-Presse / Wasit
    The Commission on reconstruction in the Wasit province, on Saturday, hundreds of projects stopped due to lack of funds will increase the volume of unemployment in the province, and with demonstrated that the stalled projects will get the "great extinction" negatively which affect in the future, the federal government demanded the financial allocations for the province .
    The head of the Committee expected Naji Nomani in an interview with the (long-Presse), said that "hundreds of construction and reconstruction projects stopped in Wasit province because of lack of funds would have a significant negative impact in increasing the volume of unemployment in the province."
    He added that "the majority of urban and service projects in the province have stopped entirely for non-payment of dues companies and contractors as a result of the fiscal deficit which led to lay off hundreds of workers and employees in those companies, and therefore increased the volume of unemployment among young people."
    He pointed out that "from the negative consequences of these projects stopped due to lack of funds it would be to the extinction of large and thus lead to a decline in efficiency in the future if it is completed."
    He called Nomani federal government and the Finance Ministry to "work on the launch of project funds in the province, especially the regions of which there are about 300 projects, including various civil sectors but currently parked development projects.", Explaining that "the local government will not compromise on their financial dues, particularly the petro allocations which amounts to $ 95 billion dinars out of which 220 billion allocated to the province of Wasit in the current year budget amount. "
    Chairman of the reconstruction and that "for maintaining the amount of 12 billion dinars, down payment is shameful because it is a very small amount of the debt is not equivalent to the size of companies and contractors."
    The Wasit province've got last week to $ 12 billion and 500 million dinars from the federal government and distributed among a number of local companies and contractors depending on the central controls.


    http://www.almadapress.com/ar/news/5...6-%D8%AD%D8%AC

  5. #5

    Re: The Dinar Daily, Sunday July 5, 2015

    Parliament finish the first reading of the general amnesty law



    Long-Presse / Baghdad

    It ended the Iraqi Council of Representatives, on Sunday, the first reading of the draft of the amnesty law, while the bite of law for the second reading soon.
    A parliamentary source said in an interview to the (long-Presse), "The House of Representatives ended during its fourth legislative term of the first second legislative year, which was held today, the first reading of the draft general amnesty law."
    The source, who asked not to be named, said: "Parliament will present the second reading of the project soon."
    The Iraqi Council of Representatives held Sunday afternoon, its fourth of the legislative term of the first legislative year, the second headed by Salim al-Jubouri, and the presence of 220 deputies, while the agenda of the meeting included the vote on the draft law and the first and second readings of the five laws, notably the general amnesty and the prohibition of the Baath Party.


    http://www.almadapress.com/ar/news/5...86%D9%88%D9%86

  6. #6

    Re: The Dinar Daily, Sunday July 5, 2015

    Jubouri called for political blocs to submit their proposals on the National Guard






    (Independent) .. Parliament Speaker Dr. Salim al-Jubouri, a terrace, on Sunday, a meeting of heads of political blocs.
    During the meeting, the discussion of the law of the National Guard in detail, and stand on the points of contention in order to find common spaces through which to reach an agreement leading to a final version of the law.
    He called al-Jubouri, during the meeting of the political blocs to submit their proposals on the law, and to express their views, making the guarantor of law to achieve harmony and balance, and thus contributing to accelerate be passed. (End)

    https://translate.google.com/translate?depth=60&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.faceiraq.com/inews.php%3Fid%3D3970441
    Last edited by Cricket22; 07-05-2015 at 01:10 PM.

  7. #7

    Re: The Dinar Daily, Sunday July 5, 2015

    Party Talabani and Barzani in Sulaimaniyah meet to agree on a constitution and the presidency of the region



    Long-Presse / Sulaymaniyah
    Search the Patriotic Union of Kurdistan (PUK) and the Democratic Party, on Sunday, the presidency of the region and the Constitution file out an agreement that satisfies all parties.
    The correspondent (long-Presse), "A delegation from the Kurdistan Democratic Party, headed by Prime Minister Nechirvan Barzani in the city of Sulaymaniyah," noting that "the delegation held a meeting with the Patriotic Union of Kurdistan (PUK) headquarters under the chairmanship of deputy secretary of the Union of Rasool Ali.
    Messaging and it added that "the meeting dealt with developments of the current situation and file the Constitution in the Kurdistan region and ways to reach a consensus to overcome the challenges of the current stage.
    The head of the Kurdistan Regional Government Nechirvan Barzani, speaking on condition during a press conference, on Saturday (July 4, 2015), on the sidelines of a meeting with a delegation from the Kurdistan Islamic Union, compatibility between the Kurdish political parties to resolve the issue of the Constitution and the presidency of the region away from the "narrow prejudices" He thanked the Kurdistan Islamic Union for machined link between the Kurdish parties, with the Islamic Union confirmed the meetings between the Kurdish parties until a satisfactory solution for all parties.
    The Patriotic Union of Kurdistan confirmed, in (the first of July present), that the views of the Union and the Social Democratic Party of Kurdistan close, pointing out that the owner of consensus and national reconciliation project to overcome the crisis and to reach a suitable solution to file the presidency of the Kurdistan region and the Constitution, while the Socialist Party called on all parties Protection to work to address the problems and to be part of the solution.
    The promise of President of the Kurdistan region, Massoud Barzani, on June 29, 2015, what happened in the Kurdistan Parliament during the first reading of the law presidency of the region, "a threat to the consensus and agreements" that formed the eighth government, parliament and the presidency, as he emphasized the need to reach a solution "compromise" before the 20th of the month next August.
    The Kurdistan Democratic bloc in the Parliament of Kurdistan, demanded in (June 29, 2015), Chairman of the Parliament of the region to "apologize" for violation of the rules of procedure in the previous session of the Council, while confirming that the President of the Parliament exceeded by two points in the rules of procedure.
    And published means a Kurdish news media, that the representatives of the Kurdistan Democratic withdrew from the committee preparing the Constitution as a result of the above in the Parliament of Kurdistan read projects submitted by the parliamentary blocs on the presidency of the region.
    It is noted that in the parliament session XVII, which was held last Tuesday, did not attend the communism and Turkmen blocs session and the Christian Democratic and Socialist, while the Democratic bloc Kurdistan pulled out of the session before the vote on the projects that have been submitted about the presidency of the region by the four parliamentary blocs, the Patriotic Union of Kurdistan (PUK) and the Movement for Change and assembly of the Islamic Union and the Islamic.
    The head of the Kurdistan region, Massoud Barzani, issued on Saturday, (June 13, 2015), a decree regionally to conduct a general election to choose a president of the Kurdistan region in the 20th of the month of August, with all concerned students to "take the necessary action all for the management of the electoral process in a democratic and free. "
    As in the Kurdistan region of the Supreme Commission for Elections Council decided not to conduct elections presidency of the region in the 20th of next August, he attributed the reason to the lack of sufficient budget as well as time.


    http://www.almadapress.com/ar/news/5...7%D9%86-%D9%81

  8. #8

    Re: The Dinar Daily, Sunday July 5, 2015

    Economist: application of Money Laundering Act limits the crime




    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - body Baghdad National Investment Adviser economist Adel Abu loaf stressed that the legislation money laundering law alone is not enough to curb the crime of money laundering, calling for those responsible to legislation necessary operational tools of economic and controls properly to reduce the smuggling money out of the country.

    Said Abu loaf's (IMN) "It should be attached to the mechanism of enactment of the law as a first stage administrative mechanism and executive-money laundering law, being gives confidence to the Iraqi economy and the confidence of the Transparency International organization and international organizations."

    The Abu loaf that "it is necessary for each and every legal material legal legislation to be issued with executive and administrative tools."

    Cabinet agreed last week on a draft anti-money laundering and terrorism financing law.

    And money laundering is the recycling of funds resulting from illegal actions in the areas of channels and invest legitimacy to hide the true source of these funds, but it looks like they have been generated from a legitimate source, and examples of these illegal acts funds generated by drug and slave trade, prostitution and weapons.

    http://center-imn.net/1/?p=18685

  9. #9

    Re: The Dinar Daily, Sunday July 5, 2015

    Defense Minister: Government's approach is not to enter into international hubs and clusters



    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Defense Minister Khaled al-Obeidi tired stressed that the government's approach is not to enter into hubs and international conglomerates.

    According to the Information Office of the Minister of Defense, that "al-Obeidi, received at his office today Ambassador of the Federal Republic of Russia Ilya Murgunov, where they were during the meeting, they reviewed the nature of the relations of friendship between the two countries and ways to improve them in the military fields, including believes in need of the Iraqi armed forces in the current phase of the weapons and equipment to sustain momentum The battle against the forces of terror. "

    The meeting dealt with arrangements conducted by the parties to create to visit the defense minister to Moscow soon, as well as the nature of the subjects to be conducted by the Iraqi delegation in Moscow with Russian Defense Minister and military leaders there.

    Obeidi stressed during the meeting on the "critical gained by friendship and military cooperation relations with Russia at the present stage", stressing that "Iraq's openness to all his friends and the forces of good, peace-loving public to ensure the achievement of the national goal in the victory over the forces of terror."

    Obeidi and pointed out that "Iraqi policy and approach year, the government is not to enter into hubs and international blocs, and that Iraq wants to distance himself from the axes of conflict and tension in the Middle East, and this is a central goal of the policy of the Iraqi government to achieve the interests of the people."

    The Murgunov Russia's desire to develop cooperation relations with Iraq in all fields, including the areas of military cooperation, pointing to Russia's consistent position government and people to support the Iraqi people in the face of the forces of global terrorism and the need to unite the international community's efforts to support Iraq in the difficult stage through which.


    http://center-imn.net/1/?p=18731

  10. #10

    Re: The Dinar Daily, Sunday July 5, 2015

    Union forces demanding inclusion sentenced to 4-terrorism general amnesty



    BAGHDAD / Center Brief for the Iraqi Media Network (IMN) Iraqi forces union demanded inclusion sentenced to 4-terrorism general amnesty, stressing the importance of re-investigation covered by the law.

    A member of the Federation of Iraqi forces to meet Pink's (IMN) "The coalition is not intended to exempt terrorists, but taken from them by force confessions under torture or were sentenced to death and life imprisonment."

    Pink and demanded to "re-investigation of confessions taken under duress."

    She noted that the "re-investigation restores transparency to the Iraqi judiciary," pointing out that "a general amnesty formula does not fit with the proposals and requirements of the Union of Forces within the paper the political agreement."

    Parliamentary Legal Committee sent on Saturday, the draft general amnesty law to the Presidency of the Council of Representatives for inclusion in the agenda of the next session agenda in preparation for the start of discussion.

    And it included the Presidency of the Council of Representatives of the amnesty law on Sunday for the first reading.


    http://center-imn.net/1/?p=18730

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